Pay off student loans Spend more time with family Pay off car 2-3 fix and flips per year 5 buy and holds by end of year 5 (can be SFR or MFR) LONG TERM (5-10 yrs.)

Last year, I purchased a home with a 7% interest rate.

We made our investment back in 1 year and still have 85% occupancy year-round.

BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago.

Thanks in advance for your reply. ever bought a 100 year old home?

I am not a licensed GC but I have experience building spec homes that I could show a bank Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?

Lending rates are always changing, and taxes may vary year to year, but this is going to be the case with any property you purchase. 

like, how much of the jump from 5 or 10 or 25 years ago does it make up? 

Additional info:- We will both live at the property and rent by the room - Loan would be in his name but has been working less than a year (100k+ salary)

I am 45 years old and only own one place.